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Jan 14, 2013 4:00am EST
housing bubbles, the united states really stood out as having the worst quality mortgages. people were not only struck with declining house prices in the united states. they could not afford the basic mortgage itself, except for by refinancing,, and what was hopefully a never-ending appreciating market. it addresses that which was the core flaw in the housing market of the united states. second, it provides clarity for the secondary market. those who provide capital for mortgages have a profound effect on which mortgages are offered. it is not just a decision of the lender, or even a substantial bank itself. it is whether they can sell the loan into the secondary market. most important, what are the risks of that? in contrast to virtually no bar were litigation coming out of this housing crisis, there have been a tremendous number of investor claims from both private investors in the government claims, so-called "buyback" claims, where they are able to force lenders to buy back defaulting mortgages, and absorb all the cost of them. it is anticipated that those purchasers in the seconda
Search Results 0 to 0 of about 1